The CII – IBA Financial Conditions Index at 61.1 for Q1 FY 2016-17 shows healthy improvement in the overall financial conditions in the Indian economy vis-à-vis the previous quarter (47.8) reflecting from strong expectations of leading banks and financial institutions of reduction in cost of funds, comfortable liquidity position and better external financial linkages whereas the overall economic activity also signaling improvement, albeit moderately on a quarter on quarter basis.
The unabated rise in Non-Performing Assets (NPAs) of
the Indian banking sector is a cause for concern for the
economy. Due to this reason, the Economic Survey de-
voted considerable attention to what it terms India’s
Twin Balance Sheet problem - overleveraged and dis-
tressed companies and the rising NPAs in Public Sector
Bank balance sheets. The issue is important because it is
holding up private investment in the country and there-
fore, growth across all sectors. Some of the major rea-
sons for increase in NPAs of banks are the subdued do-
mestic demand conditions and no signs of a turnaround
in private investment along with continuing uncertainty
in the global markets leading to lower exports of various
products like textiles, engineering goods, leather, gems,
etc.
A STUDY ON FUNDAMENTAL ANALYSIS OF BANKING SECTOR (WITH SPECIAL REFERENCE TO ...IAEME Publication
The study consist of fundamental analysis so it focuses on the overall state of the economy, and considers factors including interest rates, production, earnings, employment, GDP, housing, manufacturing and management. When analyzing a stock, futures contract, or currency using fundamental analysis there are two basic approaches one can use: bottom up analysis and top down analysis. So the researcher gives the problem as A study on fundamental analysis of banking sector with special reference to public sector banks. The main objective is to study the fundamental analysis of three banks which Punjab National Bank (PNB), Bank of Baroda (BOB) and State Bank of India (SBI).
Union bank reported profit growth of 15.4% largely due to lower provisions and Narnolia Securities Limited value bank at Rs.152/share which is 0.5 times of FY14E’s book contingencies led by lower slippage and restructure assets value.
Indian Banking Moving towards a new landscape - Indian Banking Sector Overv...Resurgent India
The banking sector, being the barometer of the economy, is reflective of the macro-economic variables. As per the RBI Financial Stability Report Dec '14, the global economy was a mixed state of affairs the last year
The unabated rise in Non-Performing Assets (NPAs) of
the Indian banking sector is a cause for concern for the
economy. Due to this reason, the Economic Survey de-
voted considerable attention to what it terms India’s
Twin Balance Sheet problem - overleveraged and dis-
tressed companies and the rising NPAs in Public Sector
Bank balance sheets. The issue is important because it is
holding up private investment in the country and there-
fore, growth across all sectors. Some of the major rea-
sons for increase in NPAs of banks are the subdued do-
mestic demand conditions and no signs of a turnaround
in private investment along with continuing uncertainty
in the global markets leading to lower exports of various
products like textiles, engineering goods, leather, gems,
etc.
A STUDY ON FUNDAMENTAL ANALYSIS OF BANKING SECTOR (WITH SPECIAL REFERENCE TO ...IAEME Publication
The study consist of fundamental analysis so it focuses on the overall state of the economy, and considers factors including interest rates, production, earnings, employment, GDP, housing, manufacturing and management. When analyzing a stock, futures contract, or currency using fundamental analysis there are two basic approaches one can use: bottom up analysis and top down analysis. So the researcher gives the problem as A study on fundamental analysis of banking sector with special reference to public sector banks. The main objective is to study the fundamental analysis of three banks which Punjab National Bank (PNB), Bank of Baroda (BOB) and State Bank of India (SBI).
Union bank reported profit growth of 15.4% largely due to lower provisions and Narnolia Securities Limited value bank at Rs.152/share which is 0.5 times of FY14E’s book contingencies led by lower slippage and restructure assets value.
Indian Banking Moving towards a new landscape - Indian Banking Sector Overv...Resurgent India
The banking sector, being the barometer of the economy, is reflective of the macro-economic variables. As per the RBI Financial Stability Report Dec '14, the global economy was a mixed state of affairs the last year
#weeklyNewspaper
GDP growth falls to 4.5% in Q2 and November GST collection up by 6%. YES Bank to raise $2 Billion through preferential allotment of shares. For more updates click the link:
http://bit.ly/FDNewspaper
#sharemarket #mutualfunds #trading #stocks #yesbank #FinDoc
Brief status of Islamic Banking Industry in Pakistan as of year 2017 and its comparison with the overall Banking industry of Pakistan in terms of Assets, Liabilities, Profitability and branch structure has been provided in the respective document based on statistical data issued by SBP.
The Benchmark 10-Year Gsec yield closed at 7.41% up by 6 bps based on month end values. The yields hardened despite
the Monetary Policy Committee (MPC) delivering a 25bps rate-cut in the month of April. This upward movement of yields
clearly highlights that, in addition to the rate cut market was anticipating a change in the policy stance.
Read the full document to know more.
RBI policy highlights:
- RBI reduced the Repo rate by 25 basis points to 5.75%
- Reverse Repo rate stands adjusted to 5.50%
- Marginal Standing Facility (MSF) rate and the Bank rate stands adjusted to 6.00%
- Cash Reserve Ratio (CRR) remains unchanged at 4%
- Statutory Liquidity Ratio (SLR) stands adjusted to 19.00%
Read the full document to know more.
A general take on the Modi-phenomenon that has swept the stock markets! With structural changes finally being implemented by the new government we can expect a decade of massive growth. First uploaded as an Instablog on SeekingAlpha in September
Narnolia Securities Limited positive to buy stocks of Jyothy Lab, ICICI BANK, Crompton Greaves Ltd and BANK OF INDIA with target price of Rs 1846,Rs 130, Rs 1094 and Rs 260. respectively
#weeklyNewspaper
GDP growth falls to 4.5% in Q2 and November GST collection up by 6%. YES Bank to raise $2 Billion through preferential allotment of shares. For more updates click the link:
http://bit.ly/FDNewspaper
#sharemarket #mutualfunds #trading #stocks #yesbank #FinDoc
Brief status of Islamic Banking Industry in Pakistan as of year 2017 and its comparison with the overall Banking industry of Pakistan in terms of Assets, Liabilities, Profitability and branch structure has been provided in the respective document based on statistical data issued by SBP.
The Benchmark 10-Year Gsec yield closed at 7.41% up by 6 bps based on month end values. The yields hardened despite
the Monetary Policy Committee (MPC) delivering a 25bps rate-cut in the month of April. This upward movement of yields
clearly highlights that, in addition to the rate cut market was anticipating a change in the policy stance.
Read the full document to know more.
RBI policy highlights:
- RBI reduced the Repo rate by 25 basis points to 5.75%
- Reverse Repo rate stands adjusted to 5.50%
- Marginal Standing Facility (MSF) rate and the Bank rate stands adjusted to 6.00%
- Cash Reserve Ratio (CRR) remains unchanged at 4%
- Statutory Liquidity Ratio (SLR) stands adjusted to 19.00%
Read the full document to know more.
A general take on the Modi-phenomenon that has swept the stock markets! With structural changes finally being implemented by the new government we can expect a decade of massive growth. First uploaded as an Instablog on SeekingAlpha in September
Narnolia Securities Limited positive to buy stocks of Jyothy Lab, ICICI BANK, Crompton Greaves Ltd and BANK OF INDIA with target price of Rs 1846,Rs 130, Rs 1094 and Rs 260. respectively
9 ноября 2014 г. в Сахаровском центре прошел вечер памяти трагической депортации месхетинских турок в 1944 г. из Грузии в Среднюю Азию.
Собравшиеся почтили память жертв преступной депортации и обсудили актуальные проблемы, в частности усилившиеся трудности при реализации своих прав в России и Грузии.
Мероприятие было организовано Международным обществом месхетинских турок «Ватан», Американским комитетом по защите прав турок-месхетинцев (ахыска) при поддержке Московской Хельсинкской группы и Новороссийского комитета по правам человека.
Видео доступно по ссылке http://www.youtube.com/watch?v=5hVtHuAmdAA
India@75 week brought together a mélange of views on a single platform so as to facilitate informal interactions; thus
enabling stakeholders to participate, collaborate and co-create by leveraging mutual knowledge, skills and experience all converging with a singular aim of seeing a developed India by 2022.
The Confederation of Indian Industry’s Big Picture Summit 2015 held between October 19-20 in New Delhi ended on a bright note with convergence of various media getting a major boost to work towards a National Policy for high M&E growth.
The summit deliberated on not only the form of this new convergence, but also how to design a new law to facilitate it in accordance with the technology shaping up the new digital world. Deliberations on innovation and disruptive business models were among the talking points at the summit. The mega event assumed significance in view of the push for the M&E industry to wards achieving $100 billion growth by the end of 2025. We brought together the best of business minds in the M&E space to chalk out a roadmap on the policy front and regulatory interventions that would give a boost to this sector.
UK economy is showing signs of posting a strong pull-back. China on the other hand is facing the prospects of a slower growth this year. We cover this in the section on *Global Trends* in this month’s issue of Economy Matters.
In the section on *Domestic Trends*, we discuss the trends emanating out of the recent releases on GDP, Balance of Payments, IIP and Inflation during the month of February 2014.
In *Investment Tracker*, we analyse the latest data on investment proposals.
The *Sectoral* spotlight for this issue is on Travel & Tourism, which holds strategic importance in the Indian economy providing several socio economic benefits.
In *Focus of the Month*, we discuss the employment creation challenge that the economy is facing currently. In addition to our own analysis, we have carried articles from eminent experts on the subject.
In its effort to breathe new life into the Indian corporate bond market, the Reserve Bank of India (RBI) announced a slew of measures. RBI’s measures included, allowing corporate bonds to be accepted under the liquidity adjustment facility, higher ceiling on credit enhancements, providing Foreign Portfolio investors (FPIs) direct access to bond trading platforms and increasing the risk weightages for non-rated corporate borrowers. These measures are intended to further market development, enhance participation, facilitate greater market liquidity and improve communication.
In the current issue of Economy Matters, the Focus of the month is on ‘Towards a Vibrant Corporate Bond Market & Developments in State Finances’. In Domestic Trends, we present analysis of the trends emanating out of the recent releases on GDP, IIP, Inflation, Trade, Balance of payment and Monsoon progress. Corporate performance in 1QFY17 has been analysed as well. In Policy Focus, we present the highlights of the key policy documents released during August-September 2016. Analysis of monetary policy stance of central banks of US, Japan and UK is covered in Global Trends.
IMPACT ON INDIAN BANKS’ PROFITABILITY INDICATORS – AN EMPIRICAL STUDYIAEME Publication
The Indian banking system consists of 26 public sector banks, 20 private sector banks, 43 foreign banks, 56 regional rural banks, 1,589 urban cooperative banks and 93,550 rural cooperative banks, in addition to cooperative credit institutions. The Indian banking sector’s assets reached US$ 1.8 trillion in FY14 from US$ 1.3 trillion in FY10, with 70 per cent of it being accounted by the public sector. Indian banks are increasingly focusing on adopting integrated approach to risk management. Banks have already embraced the international banking supervision accord of Basel II. According to RBI, majority of the banks already meet capital requirements of Basel III, which has a deadline of March 31, 2019. Most of the banks have put in place the framework for asset-liability match, credit and derivatives risk management.
CII Business Confidence index increases markedly in Apr-Jun 2016 as business expectations improve: CII
Indian industry remained upbeat about the business environment in the first quarter of FY2016-17, as borne out by a significant pick-up in the CII Business Confidence Index (BCI) for Apr-Jun 2016. The CII-BCI increased to the level of 57.2, up from the level of 54.1 recorded in the previous quarter. The index has been steadily climbing since the last three quarters.
Global Markets posted gains in the month of April cheering the fiscal stimulus measures of Global Central Banks along with flattening of COVID-19 infection curve. Indian Markets (Nifty 50 Index) too ended in positive territory with 14.7% returns. A rebound in oil prices, encouraging early results from COVID-19 treatment trial and expectations of further stimulus measures by the governments contributedto the global market gains.
The Islamic Rural Bank (IRB) Bumi Rinjani Kepanjen is a financial institution that has Sharia
principles in carrying out its activities conventionally. In improving the development of financial institutions, it
is necessary to assess the company's financial performance. Thus, researchers want to know how the financial
performance of IRB Bumi Rinjani Kepanjen during the 2016-2020 period.
In this project, I have covered the trend analysis of different banks and NBFC'S on the basis of different parameters. The total project concludes with buy and sells option for the firms according to the resistance and support level and the price at which they have to trade.
Financial performance of select public sector banks in India: A Review of Sel...AJHSSR Journal
ABSTRACT :This study focuses on review papers that are published in prestigious journals and explores the
performance of public sector banks (PSBs) as a critical indicator of the nation's economic health. Delving into
intricate financial dynamics, it scrutinizes select PSBs, revealing insights into their fiscal resilience, adaptability
to market trends, and contribution to economic well-being. The research analyzes transformative changes in the
financial landscape, encompassing regulatory reforms and technological advancements. Examining key metrics
like profitability, asset quality, and credit expansion, the study provides a comprehensive overview of PSBs' role
in economic resilience. The methodology involves a review of 20 papers, identifying a research gap in
understanding the long-term impact of specific characteristics on profitability. The findings suggest a need for
holistic and longitudinal analyses to comprehend the evolving dynamics of public sector banks in response to
market changes and regulatory reforms, providing enduring insights into their financial health.
KEYWORDS: Public sector banks, financial performance, Economic resilience, Regulatory reforms,
Technological advancements, Longitudinal analysis, Indian banking sector.
Interim Financial Reporting and Compliance with SEBIs guidelines the case of ...PradeepKhadaria
The interim financial report containing condensed financial statements is intended to provide an update on the latest
annual financial statement as it throws light on new events, activities and circumstances. Timely and reliable
reporting is very useful for investors, creditors, government and others to understand an enterprise’s capability to
generate earnings and cash flows, and to know about its economic condition and liquidity.
Financial Performance Analysis of Bank of Bhutan Limited using Regression Ana...ijtsrd
This study analyses the financial performance of the Bank of Bhutan Limited BOBL . To measure the performance of BOBL, the factors affecting the profitability of the bank have been analysed. The data for the study are collected from the published annual reports of BOBL for the period of 2009 2020. Regression analysis is used to evaluate the financial performance of the bank. Return on Investment ROI is used as a dependent variable, and Return on Assets ROA , Total Expense Ratio TER , Loans and Advances to Total Assets Ratio LTAR and Spread to Total Deposit Ratio STDR are used as independent variables. The findings of the study indicate that TER has a positive relationship with the profitability of BOBL whereas LTAR has a negative relation with BOBL’s profitability. Hence, it is concluded that among four independent variables, ROA and TER had significant impact on the profitability of BOBL. Dr. Aaditya Pradhan | Mr. Ugyen Thinlay "Financial Performance Analysis of Bank of Bhutan Limited using Regression Analysis" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-3 , June 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd58589.pdf Paper URL: https://www.ijtsrd.com.com/management/accounting-and-finance/58589/financial-performance-analysis-of-bank-of-bhutan-limited-using-regression-analysis/dr-aaditya-pradhan
Impact on NPAs on the performance of UCO Bank: A Studyijtsrd
Indian banking sector has been facing terrible problem due to the deterioration quality of assets which is increasing gradually. The growth of NPA has a direct impact on the overall performance of the bank. The problems of NPAs not only affecting the bank but also affect the entire economy. The present study is analytical in nature and completely based on secondary data analysed by using accounting and statistical tools. The UCO Bank was established before the independence and worked successfully, but now facing various problems due to NPAs. In this above background the present study assess the financial strength, quality of loan assets and NPA management and also discussed the impact of NPAs on the performance of UCO Bank as well as the recovery performance of NPAs. Sanjay Dawn | Dr. Subhas Chandra Sarkar"Impact on NPAs on the performance of UCO Bank: A Study" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd18218.pdf http://www.ijtsrd.com/management/accounting-and-finance/18218/impact-on-npas-on-the-performance-of-uco-bank-a-study/sanjay-dawn
The May edition of the Multilateral Newsletter highlights the key deliberations from the Forum and provides the key recommendations made by the OECD stakeholders. In addition, the edition covers major happenings at the World Bank, Asian Development Bank (ADB), B20 and International Labour Organisation (ILO).
Micro, Small and Medium Enterprises (MSMEs) sector is the backbone of the national economic structure and has acted as the bulwark for the Indian economy, providing it resilience to fend off global economic shocks and adversities. The development of the sector is extremely critical to meet the national imperatives of financial inclusion and generation of significant levels of employment across urban, rurban and rural areas and to catalyse socio-economic transformation.
Easy access to credit and finance remains one of the many challenges faced by the sector. Hence, in view of the sector's importance in the overall economic landscape, it is critical the MSME sector develops through the concerted efforts of various stakeholders, including banks and financial institutions, equity funds, industry majors and MNCs, regulators across various ministries at the Center and in the States, and trade associations, together, to create a forward-looking framework and ecosystem. The competitiveness of the MSME sector is critical for sustaining economic growth.
It’s a matter of concern that 600 million people in India face high to extreme water stress in the country. About three-fourths of the households in the country do not have drinking water at their premise. With nearly 70% of water being contaminated, India is placed at 120th amongst 122 countries in the water quality index. It’s a fact that water is a State subject and its optimal utilization and management lies predominantly within the domain of the States. This index is an attempt to budge States and UTs towards
efficient and optimal utilization of water and recycling thereof with a sense of urgency.
GST, the single taxation regime, was implemented a year back and though there were some initial implementation issues, as is the case with any system for the first time, it is safe to say that the GST has been the biggest tax reform of Independent India.
Cyberspace is rapidly transforming our lives – how we live, interact, govern and create value. With the JAM (Jan Dhan, Aadhaar and Mobile) trinity, India is at the forefront of global digital transformation. “Digital India” is being hailed as the world's largest technology led programme of its kind.
While internet, smartphones and modern information and
communication devices have been great force multipliers, endless connectivity and proliferation of IoT devices is giving rise to vulnerabilities, risks and concerns. Cyber security is today ranked among top threats by governments and corporates. Heightened concerns about data security and privacy have resulted in a spate of regulations in India and across the world. India is in the process of discussing and enacting its own comprehensive data security and privacy regulation, as well as vertical specific ones. Cyber security is an ecosystem where laws, organisations, skills, cooperation and
technical implementation would need to be in harmony to be
effective.
Overall, a robust regulatory framework based on global and
country-specific regulations, development of a holistic cyber
security eco-system (academia and industry as well as
entrepreneurial) and a coordinated global approach through
proactive cyber diplomacy would help to secure cyber space and promote confidence and trust of key stakeholders including
citizens, businesses, political and security leaders.
CII has been actively working in the cyber security space. The CII Task Force on Public Private Partnership for Security of the Cyber Space has been set up to bring about improvements in the legal framework to strengthen and maintain a safe cyberspace ecosystem by capacity building through education and training programmes. We would facilitate collaboration and cooperation between Government and Industry in the area of cyber security in general and protection of critical information infrastructure in particular, covering cyber threats, vulnerabilities, breaches, potential protective measures, and adoption of best practices.
Delhi, the capital of India, has emerged as a major commercial capital and industrial hub of India. It is home to a wide range of industries including textiles, electrical and electronics, IT &ITeS services, hotel and tourism, which have contributed immensely to the economic and industrial growth of the country. Nearly 88% of the SMEs in Delhi revealed that this cluster is as an attractive destination for conducting business. Delhi has become an attractive business and tourist destination. This is driven by its improved infrastructure, good connectivity with other Asian and western regions, ease of access to market and availability of skilled labor among others. Consequently, it has emerged as
one of the most preferred investment and business destinations.
The state government of Maharashtra has been at the forefront in creating a conducive business environment that fosters globally competitive firms. Business reforms introduced both by the Central as well as the state government have played a critical role in India’s 30 spots improvement in the Doing Business ranking for 2018.
The State, under the Business Reforms Action Plan (BRAP) 2016, has implemented over 90 per cent reforms in 7 out of 10 parameters, including labour registration, utility connections, single window system, environment registration, among others. These policy reforms have significantly helped in the reduction in time and cost of doing business for the industry, thereby
establishing Maharashtra as one of the top investment destinations in the country.
This report provides the key highlights of the select initiatives on ease of doing reforms in Maharashtra. With a view to provide on-ground impact of these initiatives, the Report also captures industry views on various aspects of business reforms.
The March-April edition of the Multilateral Newsletter gives insights on the key happenings at the various multilateral institutions and highlights the key discussions and deliberations at the informal WTO Ministerial Meeting held in New Delhi.
WTO plays a vital role by bringing stability and predictability to the multilateral trading system. It is a collective responsibility of WTO members to address the challenges faced by the system and putting the economies back on steady and meaningful way forward.
Several proposals and initiatives on investment facilitation were tabled at the WTO in the run-up to the 11th Ministerial Conference. The proponents advocated discussions on Investment Facilitation within the WTO framework. However, there was no consensus on initiating negotiations, or even establishing a Work Programme, on Investment Facilitation. A clear need of more work to look at all aspects of a potential multilateral rules on Investment, particularly on its impact on domestic policy space was stated.
In order to deepen the understanding between the member it is important that an open, transparent and inclusive approach of decision making for the various interventions. The informal WTO Ministerial gathering in New Delhi saw convergence of around 53 members representing a broad spectrum of the WTO membership.
CII, as an Industry Institution is cognizant of the need for India to engage constructively in some of the new issues being discussed under the WTO framework.
Businesses are gradually recognizing that ethics means good business. It is believed that well-run and trustworthy
companies are more likely to attract greater investment opportunities, which enables them to innovate and expand, and
generate wealth and jobs. Good corporate governance practices are regarded as providing an 'extra' edge to companies
to enhance their image and stay ahead in an intensely competitive business environment. This would help them imbibe
universally accepted values of ethics and good governance—accountability, transparency, responsibility and
responsiveness to stake holders. Besides, it would also mean looking beyond achieving mere economic sustainability to
include social and environmental sustainability as well. Many corporates are adhering to sustainable business practices
and many more are likely to follow suit in the time to come.
On the domestic front, CII expects economic growth to bounce back to 7.3-7.7 per cent in FY19 from the estimated 6.6
per cent in FY18. The prognosis of improved rural consumption and a recovery in private investment will support
growth, even as the debilitating effects of demonetisation and GSTimplementation will fade away
The Commuique May 2018 edition discusses the cover story
on 'Resolving Insolvency in India'
The Insolvency and Bankruptcy Code (IBC) 2016, is one of
the biggest regulatory reforms corporate India has witnessed
in recent times.
It also features 'UK-India CEO Forum Meeting ', 'CII CEOs Delegation to 11th Commonwealth Business Forum 2018', 'Four Transformations of the Global Energy Market', Economy pieces on 'The Innovation Paradox' & 'Can the Lion Conquer the Forest?' along with a piece on 'India-Africa Economic Partnership'.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
The report reflects on the role of broadband connectivity and the multiplier effect it has on the larger ecosystem. India is ripe for a Digital rethink, with both government and industry aligning their efforts toward a broadband powered Digital India. Broadband has the power to enable the gigabit society that is always connected. Broadband connectivity has changed the way people
communicate, socialise, create, sell, shop and work. India’s digital consumption patterns highlights the evolution. On an average Indians spend 200 minutes on mobile every day, with the second highest app downloads globally. Almost 79% of the web traffic in India is on mobile.
To realise the Digital India dream, there is a need to strengthen the broadband backbone, which forms a key pillar of this transformation. This report highlights the need for future ready and robust broadband infrastructure and the requisite efforts for expediting its reach.
South Africa and India share a rich past and bright future. India has transitioned from being South Africa’s political ally to being a vibrant economic partner. Despite challenges, the opportunity for increasing the value of bilateral trade between the two countries is growing exponentially each year.
South Africa and India have nurtured a bilateral relationship since the 1860s, when the first Indians arrived in South Africa. India was one of the first countries that rallied at the United Nations in support of the anti apartheid movement in South Africa. The strong bond established between the two countries during the struggle for democracy in South Africa became further entrenched in post-apartheid South Africa.
Most global businesses recognise South Africa as the most favourable destination in Africa for making long-term investments. The country offers a stable political and economic environment with established institutions. Policies and procedures are well articulated and consistent, and it offers a free and competitive environment with open-minded consumers. South Africa provides the most stable and technologically viable environment for Indian companies wishing to establish a base from which to expand across the continent. As a gateway to Africa, it is renowned for its infrastructure, skills pool and expertise.
Our world is changing at an unprecedented pace, driven by a new digital economy. Companies across sectors are keen to become more efficient, disruptive, and differentiated, by using new technologies and supported by an ecosystem of customers, partners, and technology leaders. New-age technologies such as Artificial Intelligence (AI), Augmented Reality (AR), Blockchain, Machine Learning, 3D printing, and IoT are gaining more and more importance and acceptance.
India has all the ingredients in place to leverage this innovation and technological advantage in the long run, including university graduates, public institutes and corporates. However, India’s gross expenditure on R&D as a proportion of GDP (GERD) is less than 0.7% as of 2014-15 and within this, the share of industry is just 30%. Further, the vast SME sector needs to scale up technology infusion for higher productivity.
This is the fifth edition of the Grant Thornton India meets Britain Tracker, developed in collaboration with the Confederation of Indian Industry. The India Tracker identifies the fastest-growing Indian companies in the UK, as well as the top Indian employers. It provides insight into the evolving scale, business activities, locations and performance of the Indian-owned companies who are making the biggest impact in the UK.
This year, our research identified approximately 800 Indian companies operating in the UK, with combined revenues of £46.4 billion (£47.5 billion in 2017). Together, they paid £360 million in corporation tax (£275.7 million in 2017) and employed 104,932 people (105,268 in 2017). This shows the continued importance of the contribution that Indian companies make to the UK economy.
The Make in India initiative of the government which lays emphasis on domestic manufacturing, indigenization and import substitution, is expected to pave the way for making the Indian defence sector self-sufficient.Encouragingly, the Indian industry is now actively engagedand is partnering with the government in building a modern and best-in-class defence systems, equipment and components which should strengthen our forces and make the country more self-reliant. The formation of the Society of Indian Defence Manufacturers (SIDM) as an apex body of the Indian defence industry is critical in this regard. SIDM is expected to play a proactive role as an advocate, catalyst and facilitator for building the growth and capability of the defence industry in India. Given the rising importance of buttressing the Make in India programme for expanding the capacity of the Indian defence sector, in this issue of Economy Matters, a few SIDM office bearers and defence experts present their insights into this crucial topic.
As India integrates deeper into the global economy, it is becoming increasingly clear that the country needs to focus both on meeting international competition and its own developmental challenges.
The Government launched several initiatives last year, such as Make in India, Skill India, and Digital India, among others, towards make the vision of integrated inclusive development a reality.
For industry, grappling with the challenges of disruptive technologies, restrictive trade laws, environmental responsibilities and more demanding and discerning customers, the imperative is for sharper focus on producing excellent goods and services, along with building skills, generating jobs, and mainstreaming the marginalized.
Personal and freight mobility are important aspects of economic development and therefore create a significant footprint on the natural environment, especially on the ambient air quality. Vehicular emissions have been identified as one of the sources of air pollutants, specially PM 2.5, as per source apportionment study of IIT-Kanpur commissioned by Government of NCT of Delhi in the year 2015 (Sharma and Dikshit, 2016). Although there are other contributors to air pollution but the vehicular pollution remains a major non-point source. Efforts are needed for reducing the overall impact of the same. Another distinguishing feature of Delhi’s transportation system is the medium and heavy commercial vehicles (MHCVs) which are 2.5% of the total vehicular population but are responsible for over 65% of the total vehicular pollution as well as fuel consumption.
Under CII-NITI Aayog 'Cleaner Air Better Life Initiative', the task force on clean transportation has undertaken a consultative process to identify seven areas of action towards mitigation of air pollution in Delhi and National Capital Region (NCR). To begin with, it proposes mobility reforms to induce a more fundamental change from private vehicle towards sustainable means of transportation such as public and shared transportation. Further, limiting high-mileage polluting vehicles, strengthening Pollution-Under-Control (PUC) regime, allowing retailing of bio-fuels, promoting electric-mobility, decongesting traffic hotspots and retrofitting solutions are recommended by the task force, as elaborated.
Confederation of Indian Industry (CII) takes immense pleasure in presenting the third edition of Annual CSR Tracker 2017. Similar to the last two editions, this is the most comprehensive analysis of CSR disclosures of Bombay Stock Exchange (BSE-listed) companies obligated to practice CSR as per the Companies Act, 2013.
The Annual CSR Tracker 2017 is based on disclosures of 1,522 companies as compared to 1,270 companies in 2016 and 1,181 in 2015. Disclosures are broken into approximately, 41 indicators spread across six aspects of CSR legislation: governance, policy, financials, spends as per Schedule VII, spend channels, and spend locations. Also included is beneficiary data that companies voluntarily disclose in their annual reports.
At CII Indian Women Network, we are driven by the imperative that Indian women become a core critical mass of the workforce to bring about the transformational change in attitude and behavior. We have also recognized the importance of some amazing women role models who can inspire the future generation into believing that there are no limits to what a woman can achieve. One critical aspect is our own self-belief and innermost conviction that will ultimately help us triumph in our relentless struggle for gender equality. It is a pleasure to share this comprehensive report with you that captures the universe of several variables that will impact our future progress.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
RFP for Reno's Community Assistance CenterThis Is Reno
Property appraisals completed in May for downtown Reno’s Community Assistance and Triage Centers (CAC) reveal that repairing the buildings to bring them back into service would cost an estimated $10.1 million—nearly four times the amount previously reported by city staff.
Combined Illegal, Unregulated and Unreported (IUU) Vessel List.Christina Parmionova
The best available, up-to-date information on all fishing and related vessels that appear on the illegal, unregulated, and unreported (IUU) fishing vessel lists published by Regional Fisheries Management Organisations (RFMOs) and related organisations. The aim of the site is to improve the effectiveness of the original IUU lists as a tool for a wide variety of stakeholders to better understand and combat illegal fishing and broader fisheries crime.
To date, the following regional organisations maintain or share lists of vessels that have been found to carry out or support IUU fishing within their own or adjacent convention areas and/or species of competence:
Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR)
Commission for the Conservation of Southern Bluefin Tuna (CCSBT)
General Fisheries Commission for the Mediterranean (GFCM)
Inter-American Tropical Tuna Commission (IATTC)
International Commission for the Conservation of Atlantic Tunas (ICCAT)
Indian Ocean Tuna Commission (IOTC)
Northwest Atlantic Fisheries Organisation (NAFO)
North East Atlantic Fisheries Commission (NEAFC)
North Pacific Fisheries Commission (NPFC)
South East Atlantic Fisheries Organisation (SEAFO)
South Pacific Regional Fisheries Management Organisation (SPRFMO)
Southern Indian Ocean Fisheries Agreement (SIOFA)
Western and Central Pacific Fisheries Commission (WCPFC)
The Combined IUU Fishing Vessel List merges all these sources into one list that provides a single reference point to identify whether a vessel is currently IUU listed. Vessels that have been IUU listed in the past and subsequently delisted (for example because of a change in ownership, or because the vessel is no longer in service) are also retained on the site, so that the site contains a full historic record of IUU listed fishing vessels.
Unlike the IUU lists published on individual RFMO websites, which may update vessel details infrequently or not at all, the Combined IUU Fishing Vessel List is kept up to date with the best available information regarding changes to vessel identity, flag state, ownership, location, and operations.
Donate to charity during this holiday seasonSERUDS INDIA
For people who have money and are philanthropic, there are infinite opportunities to gift a needy person or child a Merry Christmas. Even if you are living on a shoestring budget, you will be surprised at how much you can do.
Donate Us
https://serudsindia.org/how-to-donate-to-charity-during-this-holiday-season/
#charityforchildren, #donateforchildren, #donateclothesforchildren, #donatebooksforchildren, #donatetoysforchildren, #sponsorforchildren, #sponsorclothesforchildren, #sponsorbooksforchildren, #sponsortoysforchildren, #seruds, #kurnool
About Potato, The scientific name of the plant is Solanum tuberosum (L).Christina Parmionova
The potato is a starchy root vegetable native to the Americas that is consumed as a staple food in many parts of the world. Potatoes are tubers of the plant Solanum tuberosum, a perennial in the nightshade family Solanaceae. Wild potato species can be found from the southern United States to southern Chile
Synopsis (short abstract) In December 2023, the UN General Assembly proclaimed 30 May as the International Day of Potato.
2. CII - IBA Financial Conditions Index (April-June 2016)
1
CII – IBA Financial Conditions Index improves to 61.1 in Q1 FY 2016-17 from
47.8 in Q4 FY 2015-16
The CII – IBA Financial Conditions Index at 61.1 for Q1 FY 2016-17 shows healthy improvement
in the overall financial conditions in the Indian economy vis-à-vis the previous quarter (47.8)
owing to strong expectations of leading banks and financial institutions of reduction in cost of
funds, comfortable liquidity position and better external financial linkages whereas the overall
economic activity also signaling improvement, albeit moderately on a quarter on quarter basis.
According to the CII – IBA Financial Conditions Index for Q1 FY 2016-17, there was a strong
rebound in the expectation of banks and financial institutions for an improvement in the overall
financial conditions index as reflected from a significant improvement in the cost of funds index
(70.7), funding liquidity index (67.2) and the external financial linkages index (54.6). While the
economic activity index (51.8) also recorded overall improvement, there was a relative decline
in the performance from the previous quarter.
The reading of the CII – IBA Financial Conditions Index for Q1 FY 2016-17 at 61.1 was
significantly above the 50 mark implying a strong majority of the respondent banks and financial
institutions reporting improvement or no change in the overall financial conditions as against
deterioration vis-à-vis the previous quarter. A total of 41 major banks and financial institutions
with combined total assets (as of March 2016) of more than Rs 72 lakh crore participated in the
survey.
Releasing the Index for the first quarter of 2016-17, Mr Chandrajit Banerjee, Director
General, CII said “The directional change in the performance of the Financial Conditions Index
augurs well for the Indian financial sector as well as for the real sectors of the economy. We are
certain that traversing the external headwinds, the Government and the RBI would continue to
focus on the twin objectives of maintaining financial stability and enhancing economic growth”.
Commenting on the performance of the Index, Mr Ashwani Kumar, Chairman, IBA and
Chairman & Managing Director, Dena Bank said “Sustainable improvement in the
financial conditions is a key imperative for strengthening the health of the Indian financial sector.
With the gradual improvement in the overall macro-economic situation, financial conditions index
is quite likely to witness upturn in coming quarters”.
Performance of CII – IBA Financial Conditions Index for
Q1 FY 2016-17 vs Q4 FY 2015-16 and Q1 FY 2015-16
CII - IBA Financial Conditions
Index Sub-indices
Q1 FY 2016-17 Q4 FY 2015-16 Q1 FY2015-16
Cost of Funds Index 70.7 44.8 83.0
Funding Liquidity Index 67.2 45.7 78.8
External Financial Linkages Index 54.6 36.0 65.4
Economic Activity Index 51.8 64.6 69.1
Source: CII – IBA Financial Conditions Index – Round 5, April - June 2016
3. CII - IBA Financial Conditions Index (April-June 2016)
2
Performance of CII – IBA Financial Conditions Index at Sub-Indices Level
Source: CII – IBA Financial Conditions Index – Round 5, April - June 2016
For Q1 FY 2016-17, the Cost of Funds Index was at the highest level among the sub-indices,
contributing the maximum share (29.1%) in the strong performance of the overall Financial
Conditions Index, followed by the Funding Liquidity Index contributing 27.6%, External Financial
Linkages Index contributing 22.3% and Economic Activity Index contributing 21.1%.
Sub-indices Contribution (in %) to Financial Conditions Index
Source: CII – IBA Financial Conditions Index – Round 5, April - June 2016
Among the sub-indices, the Cost of Funds Index witnessed the maximum improvement to
reach at 71.2 in Q1 FY 2016-17 from 44.8 in the previous quarter. This reflects that the majority
of the respondent banks and financial institutions expect the overall cost of funds to decline in
the current quarter.
Among the cost of funds indicators, strong majority of the respondents expected the banks’
Marginal Cost Lending Rate (MCLR) and the short-term interest rates (the interbank call rate &
3 month bank certificate of deposit rate) to decline. Further, maximum number of respondents
expected the long-term interest rate (yield on 10 year government bond) and the Corporate Bond
Spread (between top rated 10 year corporate bond & government bond) to improve in the first
quarter easing the overall cost of funds.
4. CII - IBA Financial Conditions Index (April-June 2016)
3
Performance of Cost of Funds Index
Source: CII – IBA Financial Conditions Index – Round 5, April - June 2016
The Funding Liquidity Index was recorded at 67.5, second highest value among the sub-
indices, recording significant improvement from the previous quarter (45.7). The number is
significantly higher than the 50 mark, signaling a strong expectation of improvement in the
funding liquidity in the Indian financial system.
Majority of the respondents expect improvement in liquidity through RBI’s management of the
Liquidity Adjustment Facility (LAF) operations as well as the term repos and reverse repos window.
Maximum number of the respondent banks and financial institutions expect improvement in
mobilization in the money market through commercial papers & certificate of deposits and
issuance in the corporate bond market. Further, mobilization from equity market was also
expected to improve in the first quarter of 2016-17 by majority of the respondents.
Performance of Funding Liquidity Index
Source: CII – IBA Financial Conditions Index – Round 5, April - June 2016
The External Financial Linkages Index is at 54.5 as against 36.0 in the previous quarter.
The Indian financial sector remained unperturbed from the effects of the US Fed interest rate as
majority of the banks and financial institutions expect net capital inflows by FIIs to increase in the
current quarter. However, majority of the banks and financial institutions also expected the Rupee
5. CII - IBA Financial Conditions Index (April-June 2016)
4
to depreciate against the US dollar whereas India’s position on the foreign exchange reserves
was expected to improve. Further, majority of the respondents expect that the mobilization by
Indian companies through global equity & debt markets is not likely to change significantly
during the current quarter.
Performance of External Financial Linkages Index
Source: CII – IBA Financial Conditions Index – Round 5, April - June 2016
The Economic Activity Index with a standing at 51.6 witnessed deterioration from 64.6 in
the previous quarter. The deterioration on a quarter on quarter basis was led by the performance
on the inflation (Consumer Price Index) front which was expected by majority of the respondent
banks and financial institutions to deteriorate. Further, the maximum number of respondents
expects the Non-Food Bank Credit in the current quarter to deteriorate. However, majority of the
respondents expected improvement in growth rate of real GDP whereas maximum number of
respondents expects no significant change in the asset prices (stock and housing market) vis-à-vis
the previous quarter.
Performance of Economic Activity Index
Source: CII – IBA Financial Conditions Index – Round 5, April - June 2016
6. CII - IBA Financial Conditions Index (April-June 2016)
5
The CII – IBA Financial Conditions Index is based on a survey of major banks and
financial institutions on their expectations of key financial and economic variables determining
financial conditions in the Indian economy. A total of 41 leading banks and financial institutions
(details in Annexure) participated in the survey for the current quarter.
In terms of different category of respondents, 20 Public Sector Banks, 7 Private Sector Banks,
7 Foreign Banks, 2 Cooperative Banks and 5 NBFCs participated in Round 5 of the Financial
Conditions Expectation Survey. Based on their responses, the CII – IBA Financial Conditions
Index was derived for the April - June 2016 quarter.
Category-wise Responses
Source: CII – IBA Financial Conditions Index – Round 5, April - June 2016
Category-wise Financial Conditions Index
Source: CII – IBA Financial Conditions Index – Round 5, April - June 2016
The CII - IBA Financial Conditions Index was launched in the first quarter of 2015-16 to (i)
Serve as a key indicator in assessing the short term financial conditions in the Indian economy,
(ii) Provide effective monitoring of current financial conditions for facilitating regulatory and
policy decisions, (iii) Provide early signals on turning points in financial conditions, and (iv) Help
tracking credit flow conditions for industry & service sectors from various channels. With this we
have completed five rounds of the survey.
7. CII - IBA Financial Conditions Index (April-June 2016)
6
Annexure
List of Participating Banks & Financial Institutions
CII – IBA Financial Conditions Expectation Survey, Round 5, April - June 2016
S.No. PUBLIC SECTOR BANKS
1 State Bank of Bikaner & Jaipur
2 State Bank of Mysore
3 State Bank of Patiala
4 State Bank of Travancore
5 Allahabad Bank
6 Bank of Baroda
7 Bank of India
8 Bank of Maharashtra
9 Bhartiya Mahila Bank
10 Canara Bank
11 Central Bank of India
12 Corporation Bank
13 Indian Bank
14 Indian Overseas Bank
15 Punjab and Sind Bank
16 Syndicate Bank
17 UCO Bank
18 Union Bank of India
19 United Bank of India
20 Vijaya Bank
S.No. PRIVATE BANKS
1 Jammu & Kashmir Bank
2 Karnataka Bank
3 Karur Vysya Bank
4 Lakshmi Vilas Bank
5 Tamilnad Mercantile Bank
6 Axis Bank
7 HDFC Bank
S.No. FOREIGN BANKS
1 ANZ Bank
2 Commonwealth Bank of Australia
3 DBS Bank
4 Mizuhu Corporate Bank
5 Standard Charted Bank
6 State Bank of Mauritius
7 Sumitomo Mitsui Banking
Corporation
S.No. CO-OPERATIVE BANKS
1 Janata Sahakari Bank Ltd
2 New India Co-operative Bank Ltd
S.No. NBFCs
1 L&T Finance Holdings Limited
2 Shriram Transport Finance
Company Limited
3 Dewan Housing Finance
Corporation Ltd
4 Manappuram Financial Limited
5 HDFC Ltd
8. The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the
development of India, partnering industry, Government, and civil society, through advisory and consultative
processes.
CII is a non-government, not-for-profit, industry-led and industry-managed organization, playing a proactive
role in India’s development process. Founded in 1895, India’s premier business association has over 8000
members, from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of
over 200,000 enterprises from around 240 national and regional sectoral industry bodies.
CII charts change by working closely with Government on policy issues, interfacing with thought leaders, and
enhancing efficiency, competitiveness and business opportunities for industry through a range of specialized
services and strategic global linkages. It also provides a platform for consensus-building and networking on key
issues.
Extending its agenda beyond business, CII assists industry to identify and execute corporate citizenship
programmes. Partnerships with civil society organizations carry forward corporate initiatives for integrated and
inclusive development across diverse domains including affirmative action, healthcare, education, livelihood,
diversity management, skill development, empowerment of women, and water, to name a few.
The CII theme for 2016-17, Building National Competitiveness, emphasizes Industry’s role in partnering
Government to accelerate competitiveness across sectors, with sustained global competitiveness as the goal.
The focus is on six key enablers: Human Development; Corporate Integrity and Good Citizenship; Ease of
Doing Business; Innovation andTechnical Capability; Sustainability; and Integration with the World.
With 66 offices, including 9 Centres of Excellence, in India, and 9 overseas offices in Australia, Bahrain, China,
Egypt, France, Germany, Singapore, UK, and USA, as well as institutional partnerships with 320 counterpart
organizations in 106 countries, CII serves as a reference point for Indian industry and the international business
community.
Indian Banks' Association (IBA), was formed on 26 September 1946. IBA is a voluntary Association of Indian
Public Sector Banks, Private Sector Banks, Co-operative Sector Banks, Regional Rural Banks, Foreign Banks
operating in India and other Financial Institutions. At present IBA has 134 banks as Ordinary Members and 64
financial institutions as Associate Members. The Association promotes sound and progressive banking
principles and practices. It works proactively for the growth of a healthy professional and forward looking
banking and financial services industry in a manner consistent with public good. IBA endeavours to a) promote
sound and progressive banking principles and practices b) assist and provide common services to members c)
co-ordinate and co-operate on procedural, legal, technical, administration, and professional matters d) collate,
classify and circulate statistical and other information e) Pool expertise towards common objectives and
reduction in costs, increase efficiency, productivity and improve systems, procedures and banking practices f)
Build up the image of banking industry through publicity and public relations. Over a period of time IBA has
evolved as the “Voice of the Indian Banking Industry”.
Confederation of Indian Industry